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Wells Fargo Sticks to Their Buy Rating for American Express (AXP)

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Wells Fargo analyst Donald Fandetti maintained a Buy rating on American Express (AXPResearch Report) on April 6 and set a price target of $215.00. The company’s shares closed last Tuesday at $175.54.

According to TipRanks.com, Fandetti is a 4-star analyst with an average return of 11.8% and a 62.6% success rate. Fandetti covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and Synchrony Financial.

Currently, the analyst consensus on American Express is a Moderate Buy with an average price target of $197.37, implying an 11.8% upside from current levels. In a report issued on March 28, Morgan Stanley also maintained a Buy rating on the stock with a $223.00 price target.

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The company has a one-year high of $199.55 and a one-year low of $140.68. Currently, American Express has an average volume of 4.22M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AXP in relation to earlier this year. Most recently, in February 2022, Anre Williams, the Group Pres., Enterprise Serv. of AXP sold 139,909 shares for a total of $27,536,607.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 1850, American Express Co. is a financial services corporation which provides charge and credit card products, as well as travel-related services worldwide. The company operates through the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services.

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